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This post No Berlin Wall, No Problem: An Inside Look at the New Cold War appeared first on Daily Reckoning.
“A Pyrrhic victory” is how constitutional lawyer Bruce Fein describes the fall of the Berlin Wall.
Time flies — it was 25 years ago this Sunday. Ceremonies are already underway in Berlin today. As we write, the last leader of the Soviet Union is speaking to a crowd at “Checkpoint Charlie”…

The world's three largest arms importers — India, China, and Pakistan — all share borders with one another, some of which are in dispute. These disagreements have occasionally led to armed conflict, like the ongoing dispute over the status of Kashmir, and the 1962 Sino-Indian war.

The conventional wisdom is that if Iran acquired nuclear weapons capability that this will likely spark a region-wide nuclear arms race. But as my colleagues Brian Katulis and Peter Juul point out there are some reasons to doubt this is right:

"If Ukraine breaks apart, it will trigger a war," warns a senior Russian government official. The FT reports Russia is prepared to fight a war over the Ukrainian territory of Crimea (where the largest ethnic Russian population lives and they have a military base).

With the US and Russia in a state of (renewed) cold war for over a year now, it was inevitable that that "other", far more important attribute of the first Cold War would soon return: the nuclear arms race. And indeed it did just around dinner time in Russia today when speaking at an arms race fair, president Putin said that Russia will put more than 40 new intercontinental ballistic missiles into service in 2015 as part of a wide-reaching program to modernize the military.